S. 405 (111th): Artist-Museum Partnership Act

Introduced:
Feb 10, 2009 (111th Congress, 2009–2010)
Sponsor:
Sen. Patrick Leahy [D-VT]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on February 10, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 10, 2009
Referred to Committee Feb 10, 2009
Cosponsors
23 cosponsors (18D, 4R, 1I) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.

Summary

No summaries available.

Text

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Last updated Feb 10, 2009.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/10/2009--Introduced.
Artist-Museum Partnership Act - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or scholarly compositions or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no sooner than 18 months after their creation.
Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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